History does not repeat itself unless all the variables are nearly identical. I realize this is a theory as it is impossible to freeze variables in economics.
The very VERY main thing to remember is (young fellow) is that there is more to life then money. Study Maslow’s hierarchy of needs.
Buying a house cheaper next year does not compare with watching your toddler play with a puppy in your own overpriced backyard this year. No matter the size of the backyard.
I guess deciding on a house is like deciding what makes you happy. Each to their own. Judge for yourself.